We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • weekly $USD chart not very encouraging for dollar bulls. Not yet complete evening star + resistance from prior support trendline. no bueno https://t.co/EdVeJhD2As
  • this article is from Tuesday. Both the long and short $USD options have played through with $USDCAD and $EURUSD breakouts. Meanwhile, $USD down the drain, still in bull flag, for now https://t.co/nvk4X6LH79 https://t.co/EN0K4HRyQB
  • $USDCAD breaks out, fresh four-month-highs. Currently caught at the October swing high. https://t.co/GOa280Q75D
  • $EURUSD next resistance out. 1.1000 are looms large. Big support last year, hasn't yet seen much of a resistance test https://t.co/lE3eEjJ6dy
  • As prices dance around on charts, traders are often looking for reasons to explain price movements; however, the underlying source of price movement boils down to the relationship between supply and demand. Learn more about the forces of S&D on forex here: https://t.co/8LfkLXbj2W https://t.co/heURFpRLcY
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Gold: 0.36% Oil - US Crude: -1.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/XM6m0QSNUs
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.58% 🇪🇺EUR: 0.54% 🇳🇿NZD: 0.45% 🇯🇵JPY: 0.31% 🇨🇦CAD: -0.02% 🇬🇧GBP: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gV6RKUgVti
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Wall Street: -1.19% US 500: -1.21% France 40: -2.41% Germany 30: -2.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NJCKfaH5f1
  • Bank of England's Cunliffe says we can see inflation pressures coming from UK labour market
  • LIVE NOW! Currency Strategist @PaulRobinsonFX discusses a wide range of topics with emphasis on psychology, trade execution, and risk management with the goal of helping traders improve performance here - https://www.dailyfx.com/webinars/602330483?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
USD/JPY Classical Technical Report 12.14

USD/JPY Classical Technical Report 12.14

2011-12-14 07:03:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_USDJPY_body_jpy2.png, USD/JPY Classical Technical Report 12.14

USD/JPY:The market has managed to successfully hold above the bottom of the daily Ichimoku cloud to further strengthen our constructive outlook and we look for the formation of a inter-day higher low by 76.55 ahead of the next major upside extension back towards and eventually through the recent multi-day highs by 79.55. Ultimately, only a close back below the bottom of the Ichimoku cloud would negate outlook and give reason for pause, while a daily close back above 78.30 accelerates.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.